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Business and not-for-profit organizations both have as their primary objective the return of profits to the owners.

a-true
b-false

User Dkobozev
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1 Answer

3 votes

Final answer:

The statement is false; businesses aim to earn profits while not-for-profit organizations primarily serve their missions without the objective of returning profits to owners.

Step-by-step explanation:

The statement that business and not-for-profit organizations both have as their primary objective the return of profits to the owners is false. While businesses do indeed aim to generate a profit calculated as Total Revenue - Total Cost, not-for-profit organizations operate with a different primary objective. Non-profits are established to serve a mission, such as charitable, religious, or educational purposes, rather than to return profits to owners.

User Mthakuri
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